Veterinary Software Market: Projected to Grow at a CAGR of 6.1% and Estimated to Reach 594.3 Million by 2022

The Global "Veterinary Software Market" research 2020 highlights the major details and provides in-depth analysis of the market along with the future growth, prospects and Industry demands analysis explores with the help of complete report with figures, graphs and table of contents to analyze the situations of global Veterinary Software Market and Assessment to 2024.

The Global Veterinary Software Market Report provides database which pertains to the current and contemporary discovery and the new technology which has been induced in the Veterinary Software Market, thereby helping the investors to understand the impact of these on the market future development. Also, the Report comprises of an extensive study on the Global Plastic Bearings status, future forecast, growth opportunity, proportion, demand, key market and key players which helps the retailers and participants to be aware of the shortcomings, market threats and the plausible profitable opportunities which market can offer. Furthermore, the inculcation of industry's size, revenue, consumption helps in educating oneself of the political situations and hence, on the basis of that, one can control over a large number of the market share.

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"The global veterinary software market projected to grow at a CAGR of 6.1%."

The global veterinary software market is expected to reach USD 594.3 million by 2022 from USD 442.5 million in 2017, at a CAGR of 6.1%. This market is experiencing significant growth due to the rising companion animal ownership and demand for pet insurance, growing animal health expenditure, and growing product innovation and software integration. On the other hand, lack of government incentives for the adoption of veterinary software , reluctance of veterinarians towards adopting new technologies, and lack of awareness about veterinary software in the developing countries are restricting the growth of this market.

"The practice management software segment is expected to grow at the highest CAGR during the forecast period."

Based on product, the market is segmented into practice management software , veterinary imaging software , and other software .The practice management software segment is projected to register the highest CAGR during the forecast period. Veterinary practice management software helps veterinarians in appointment management, billing &invoicing, boarding management, maintaining patient records, prescription labeling, and treatment management. This software reduces the possibilities of error and the overall cost of a veterinary healthcare facility. Such factors are likely to drive the market for veterinary practice management software .

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"The exclusive small animal practices segment is expected to dominate the market during the forecast period."

Based on practice type, the market is segmented into exclusive small animal practices, mixed animal practices, and exclusive large animal practices. The exclusive small animal practices segment held the largest share of the veterinary software market in 2017. It is projected to register the highest growth during the forecast period due to the increasing number of small pet owners and rising annual spending on pet care in developed countries.

"North America to witness the highest growth during the forecast period."

In 2017, North America accounted for the largest share of the market followed by Europe. North America is also expected to register the highest CAGR during the forecast period. This can be attributed to factors such as the growing demand for quality pet care, increasing number of veterinarians, and growing awareness about veterinary software and the easy availability of veterinary software and services in this region.

The primary interviews conducted for this report can be categorized as follows:

By Company Type: Tier 1 - 30%; Tier 2 -42%; Tier 3 - 28%

By Designation: C-level- 25%; D-level- 45%; Others- 30%

By Region: North America-48%; Europe-29%;Asia Pacific-19%; Rest of the World-4%

List of companies profiled in the report

Henry Schein (US)

IDEXX Laboratories (US)

Patterson Companies (US)

Vetter Software (US)

Animal Intelligence Software (US)

Timeless Veterinary Systems (Canada)

Britton's Wise Computer (US)

ezyVet Limited (New Zealand)

FirmCloud Corporation (US)

MedaNext, (US)

OR Technology (Oehm Und Rehbein GmbH) (Germany)

VIA Information Systems (US)

Hippo Manager Software (US)

Finnish Net Solutions (Finland)

Carestream (Canada)

ClienTrax (US)

Research Coverage:

The report provides an overview of the veterinary software market. It aims at estimating the market size and future growth potential of this market across different segments such as product, delivery model, practice type, type, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.

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This release was published on openPR.